“Quarter of savers concerned about financial health in retirement – PLSA”

Apr 21, 2022 | Pensions, Retirement

The fact that it’s only a quarter is a triumph of hope over what’s likely to be experienced. Or perhaps the rest have accepted, as many will have to, that retirement will become so last century, and that the majority will just have to, or maybe even want to, keep on keeping on. As always, it’s those in the Squeezed Middle who will have most about which to worry. Those who live up to an income which is well above the minimum wage and any chance of being supported by the state pension and average-sized pension pot  (about £80,000 at age 55). Anyway, cheer up. The silver lining is that you’ll never have time to watch ‘Homes under the. Hammer’. Or join Probus.

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“NatWest buys 85% stake in pensions fintech Cushon”

“NatWest buys 85% stake in pensions fintech Cushon”

OK, this might not sound like a big deal, but it is, I think, the thin end of yet another wedge. Not so many years ago, when the banking dinosaurs ruled the earth, they bought life insurance companies, fund managers and even estate agents…

“Annuity rates soar to 14-year high”

“Annuity rates soar to 14-year high”

I was asked this week whether annuities are now ‘a good investment’. They’ve been recommended very rarely in recent years, since ‘pension freedoms’ allowed pretty much unlimited drawdown on pension funds and anything left to be passed on to beneficiaries free of Inheritance Tax.